Ko Samui is lite­ral­ly the latest trea­sure chest of untam­pe­red natu­ral beau­ties and delights to be unear­thed in Thai­land after the prior pros­pects Bang­kok, Phu­ket & Pat­taya are approa­ching inevi­table satu­ra­tion com­pli­men­ted by sur­ging prices in real estate. So for those from the West loo­king to unwind in the lap of sun­shine, beaches and tro­pi­cal delights while stee­ring clear from the noise, conges­tion and crowds, Ko Samui looks the bets pro­bable match. Howe­ver, all is not well on the shores of Ko Samui. Even before it had ari­sen out of its shell to embrace its bright future with baby steps, tro­pi­cal storm Pabuk unlea­shed its wrath lashing abso­lute may­hem as it pas­sed through the Gulf of Thai­land.

When the ill fated tro­pi­cal storm Pabuk arri­ved final­ly as it cour­sed through the Gulf of Thai­land on, there was much ado for nothing as it pas­sed by the neigh­bou­ring islands of Ko Phan­gan and Ko Samui without impac­ting any major damage. The storm which was expec­ted to be equip­ped with the poten­tial tocom­ple­te­ly wipe out the Thai islands into extinc­tion was see­min­gly quite harm­less than was pre­dic­ted as it left most of the ter­ri­to­ries it pas­sed by uns­ca­thed and final­ly dis­si­pa­ting when it confron­ted the main­land strip.

Fer­ry boat ser­vices had remain ten­ta­ti­ve­ly sus­pen­ded without fur­ther notice as the storm was fore­cast to lash out hea­vi­ly across the coast of Koh Samui and extend onto the Anda­man Coast as well with its impact. Howe­ver the fer­ry ser­vices from Sura­t­tha­ni to Samui were laun­ched back in ope­ra­tion short­ly after a two-day stop­gap as a pre­cau­tio­na­ry method against the storm. The Ko Samui air­port which was also shut­down pre­ma­tu­re­ly as a safe­ty pre­cau­tion resu­med ser­vices after a brief lock down for two days.

Having said that, the wea­ther reports have clear­ly sta­ted that the coast of Ko Samui would be reci­pient of erra­tic sho­wers and incle­ment wea­ther as a corol­la­ry of the low pres­sure pocket crea­ted by tro­pi­cal storm Pabuk. As a result, beach autho­ri­ties have pro­hi­bi­ted swim­ming and the beach too has been kept out of bounds for tou­rists and locals as a safe­ty mea­sure. This seems to be gra­vest impact in the after­math of the Pabuk which tur­ned out to be quite a damp squid for the entire furore that it crea­ted prior to its arri­val. Tou­rists who had boo­ked into the island resort during this per­iod are lite­ral­ly on house arrest confi­ned to their hotel rooms for their own safe­ty concerns. Hotels and busi­nesses on the Koh Samui islands howe­ver began clea­ning up behind the storm soon after its depar­ture was announ­ced with no reports of any major damage from the tre­men­dous force of winds and rain. All pro­per­ty owners and hos­pi­ta­li­ty fran­chises have admit­ted to mini­mal or no damage to their pro­per­ty or assets with the major pro­blem being repor­ted as incon­ve­nience cau­sed to patrons and tou­rists stuck on the island during this per­iod. Most locals played down the impact of Pabuk and in gene­ral any thun­der storms as they are not a new phe­no­me­non for them. Howe­ver, it was repor­tedthat some very large waves brought in a lot of debris as the resi­dual spoils of the natu­ral cala­mi­ty.

Bang­kok is under­going a real estate explo­sion even as we speak with all the forei­gn inves­tors it is attrac­ting with its luxu­ry pro­per­ties mush­roo­ming over the land­scape of the city, slow­ly and stea­di­ly. This pro­mi­sing gra­dient is a very posi­tive takea­way for the real estate indus­try in Thai­land and can sur­ely pave the way for other loca­tions in Thai­land to fol­low suit. With pre­mium luxu­ry ups­cale deve­lo­ped pro­per­ty rates in Bang­kok ran­ging anyw­here bet­ween 6500 USD to 10,000 USD per square unit, the occu­pan­cy rate for last year for 120,000 deve­lo­ped pro­jects was 80%. Although Thai law is very strict and has abso­lu­te­ly no pro­vi­sion for faci­li­ta­ting forei­gners to own land in Thai­land but there is an exempt on forei­gn natio­nals owning deve­lo­ped pro­per­ties. Howe­ver, these fac­tors don’t seem to be deter­rents for the ple­tho­ra of forei­gners lite­ral­ly queuing up to invest in pro­per­ty in prime loca­tions such as bea­ch­front vil­las or super luxu­ry condo­mi­nium houses. As a result, the pro­per­ty values in Bang­kok have an assu­red appre­cia­tion of at least 10% eve­ry pas­sing year and new pro­per­ties deve­lo­ped have increa­sing prices that are almost hit­ting the sky. The govern­ment of Thai­land impres­sed by the rising inter­est and invest­ment from forei­gn shores in Bang­kok pro­per­ties has given the appro­vals to lay simi­lar plans of moder­ni­za­tion and real estate deve­lop­ment in Pat­taya with a view to repli­cate the same suc­cess and deve­lop other loca­tions in Thai­land as pros­pec­tive and lucra­tive loca­tions for attrac­ting forei­gn invest­ment. With the same inten­tion, Pat­taya and the Eas­tern Eco­no­mic Cor­ri­dor (EEC) have been gran­ted with the appro­val to deve­lop 168 infra­struc­ture pro­jects from 2018 to 2022 and beyond. The Pat­taya Eco­no­mic Cor­ri­dor has been segre­ga­ted into three phases for conve­nience and sim­pli­ci­ty.

Phase 1 of the EEC incor­po­rates and accounts for Urgent Pro­jects to faci­li­tate the connec­ti­vi­ty to the resi­den­tial and com­mer­cial real estate pro­jects such as :

The above lis­ted ame­ni­ties are expec­ted to be fini­shed over a span of two years and will be rea­dy for use and imple­men­ta­tion before the real estate pro­jects are rea­dy for pos­ses­sion. Pro­jects are expec­ted to be com­ple­ted in a short-term. These pro­jects have an accu­mu­la­ted bud­get of 9.2 Bil­lion USD.

Phase 2 of the EEC pro­jects is sla­ted to com­mence in 2019 with a pro­po­sed com­ple­tion date by 2021. Phase 2 incor­po­rates Inter­me­diate Pro­jects.

The pro­po­sed cost of the inter­me­diate pro­jects is quo­ted to be around 13 Bil­lion USD.

The last invest­ment phase of the EEC will be the long-term pro­jects which shall sub­se­quent­ly begin in 2022 and stretch on inde­fi­ni­te­ly.

The worth of the long-term pro­jects is esti­ma­ted of 252.88 Bil­lion THB (7.9 Bil­lion USD).

The com­bi­ned cost of invest­ment in deve­lo­ping the Eas­tern Eco­no­mic Cor­ri­dor (EEC) for resi­den­tial occu­pan­cy and luxu­ry stan­dard of living is almost to the tune of 31 Bil­lion USD fun­ded by the Thai state trea­su­ry and the Royal Thai army par­tial­ly. It is high­ly recom­men­ded for those forei­gn natio­nals who are inter­es­ted in pur­cha­sing luxu­ry pro­per­ty in Thai­land that they consult our real estate agen­cy for our expert’s opi­nion and assis­tance in enabling their pos­ses­sion for owner­ship seam­less­ly. With Bang­kok fast rea­ching satu­ra­tion and pro­per­ty prices soa­ring to the hea­vens, your dream home in Thai­land or a bea­ch­front vil­la can be rea­li­zed in Pat­taya. Visit our web­site Thai­land Doc­tor Pro­per­ty today or write to us to begin the pro­ces­sing today itself and jump ahead of the queue.

Bang­kok is one city that has grown by leaps and bounds and it still conti­nues to pros­per and grow in various indus­try seg­ments. With the high rise and surge in the eco­no­my of Thai­land through its various forei­gn invest­ment scheme, one par­ti­cu­lar cate­go­ry which is on an expo­nen­tial growth mode, and conti­nues to attract and lure forei­gn inves­tors, whe­ther weal­thy indi­vi­duals or cor­po­rates and mul­ti­na­tio­nals alike, is the real estate sec­tor. While it is sur­pri­sing that real estate conti­nues to be the most lucra­tive and attrac­tive scheme of invest­ment for forei­gn natio­nals although land-owning and pur­chase by forei­gners is pro­hi­bi­ted in Thai law. So the move­ment and trac­tion the real estate in Bang­kok is recei­ving from forei­gn inves­tors is all in the direc­tion of luxu­ry pro­per­ties and deve­lo­ped pre­mium pro­per­ties while land owner­ship is com­ple­te­ly retai­ned by Thai natio­nals. The mas­sive spurt in inter­est shown in luxu­ry pro­per­ties by forei­gners has more to it than is evident on the sur­face.

The luxu­ry pro­per­ties usual­ly are deve­lo­ped pro­jects such as condo­mi­nium houses or luxu­ry vil­las which are pri­ced not by the pre­valent rate per unit but rather by the nature of ame­ni­ties avai­lable, loca­tion and the pre­mium value of the pro­per­ty. Howe­ver such incre­men­tal pri­cing does not serve even as a mild deterrent for those inter­es­ted and over the per­iod of the last two decades Bang­kok real estate has seen a major influx of forei­gn money from weal­thy natio­nals belon­ging to USA, Chi­na, Hong Kong and Euro­pean coun­tries. Research and fur­ther intros­pec­tion sug­gest that more than a pro­fi­table invest­ment, these recent deve­lop­ments reveal a pat­tern or trend where forei­gners believe it uplifts their social sta­ture to own a house in Bang­kok. And why not, with such ami­cable locals and the most sce­nic of locales avai­lable for prime luxu­ry pro­per­ties, anyone is bound to be temp­ted. With such fero­cious com­pe­ti­tion and like­li­ness among forei­gners loo­king to buy pro­per­ty in Bang­kok, the luxu­ry pro­per­ty prices have gone soa­ring to the sky.

Stu­dies and sta­tis­tics reveal that of the 120,000 luxu­ry units avai­lable for occu­pan­cy in 2017 in Bang­kok, approxi­ma­te­ly 90,000 were occu­pied resul­ting in an occu­pan­cy rate close to 80% in Bang­kok for luxu­ry pro­per­ties. Howe­ver, although the major chunk of buyers still remains Thai natio­nals lea­ving the chunk of forei­gn invest­ment to be a minor 20%. The ave­rage cost per unit for luxu­ry condos is around 6500 USD whe­reas there is almost a 20% surge when it comes to super luxu­ry condos such as bea­ch­front pro­per­ties bring the cost per unit close to 10,000 USD. Such prices are phe­no­me­nal for real estate value anyw­here in the world and present a stark contrast when com­pa­red with gene­ral resi­den­tial real estate prices in Bang­kok. With prices pro­mi­sin­gly on the surge over the last decade, the trend can be expec­ted going for­ward too and the values of any inves­ted luxu­ry pro­per­ty can easi­ly be expec­ted to be appre­cia­ted by at least 10%. The cur­rent ple­tho­ra of luxu­ry real estate pro­jects mush­roo­ming all over Bang­kok are only tes­ti­mo­ny to the same.

Hence it is stron­gly advi­sed for those forei­gn natio­nals that are inter­es­ted in buying luxu­ry condos in Bang­kok or are inter­es­ted in inves­ting in pre­mium real estate pro­per­ties in prime loca­tions in Bang­kok that you consult our team of expert real estate pro­fes­sio­nals in order to expe­dite and abet your situa­tion to your best inter­ests. Our real estate agents at Doc­tor Pro­per­ty bring a vast depth of know­ledge and expe­rience regar­ding the nit­ty-grit­ty of lega­li­ties regar­ding luxu­ry real estate pro­per­ty pur­chase and can assist your cause to a favo­rable clo­sure with much ease.

Koh Samui – A Paradise On Earth

Koh Samui, a dense forest island of lush gree­ne­ry and sur­roun­ded by moun­tains all over is Thailand’s second lar­gest island. It lies off the Gulf of Thai­land on the east coast and is a popu­lar tou­rist des­ti­na­tion for its attrac­tive loca­tions, eye wate­ring beaches and its cos­mo­po­li­tan appeal acting like the mel­ting pot for so many dif­ferent cultures resi­ding there. With palm lined beaches acting as the back­drop for crys­tal clear tur­quoise blue ocean water and a seduc­ti­ve­ly invi­ting wea­ther, the cli­mate remains a hea­dy accom­plice and flat­te­ring com­pli­ment to the views that Koh Samui offers. With just one month of hea­vy rain annual­ly, tou­rists and locals are flo­cking to this pic­tu­resque island throu­ghout the year to enjoy their moments of bliss and relaxa­tion in the seclu­sion of their com­plete pri­va­cy.

Your Very Own Dream Home in Koh Samui

Many condo­mi­niums and vil­las have sprung up on prime ocean facing pro­per­ties for vaca­tion ren­tals to tou­rists and with the inter­est in Koh Samui on an all time high, a lot of land is being pur­cha­sed to serve as reti­re­ment des­ti­na­tions for expats or as invest­ments. Although the Thai pro­per­ty pos­ses­sion and owner­ship laws for forei­gners in Thai­land, or Koh Samui do help the case, this is the right time to contem­plate buying land in Koh Samui which is gro­wing by leaps and bounds as an invest­ment cen­ter and at the same time pro­vides a pea­ce­ful and relaxed envi­ron­ment for reti­re­ment homes. Real Estate in Thai­land is riding a favou­rable tidal ebb and Koh Samui is no excep­tion. With the recent atten­tion on Koh Samui’s exclu­sive loca­tions and lush green moun­tain­side with a beach view, a lot of inter­est has risen in pur­cha­sing pro­per­ty or buying land in Koh Samui. Although the law does not favour their case a lot of forei­gners have shown noti­cea­bly rising inter­ests in buying pro­per­ty or pur­cha­sing land for buil­ding their house in Koh Samui.

Apartment, Villa, House or Land in Koh Samui

Now if you’re with me till now, and chances are you are a non Thai per­son rea­ding this, you must be won­de­ring how one can buy pro­per­ty like a vil­la or condo­mi­nium or pur­chase land for buil­ding a house in Koh Samui if the law does not allow for the same. Hold your breath, before the thought even crosses your mind, we are defi­ni­te­ly not insi­nua­ting pur­suing or opting for ille­gal means. Defi­ni­te­ly not ! Howe­ver, like Shylock’s penal­ty for a pound of flesh in the Mer­chant of Venice was legal­ly over­ru­led by abjec­ting a loo­phole in the abi­ding lega­li­ties, a forei­gner may even­tual­ly own land and pro­per­ty in Koh Samui in Thai­land by exploi­ting a loo­phole in the law. The loo­phole that we are dis­cus­sing here is known as the concept of free­hold and lea­se­hold. With the help of a reliable and trus­ted pro­per­ty agent, a forei­gner can, by vir­tue of direct invest­ments in the country’s govern­ment and infra­struc­ture, or after for­ming a com­pa­ny with legi­ti­mate Thai citi­zens, obtain actual owner­ship of land for buil­ding pro­per­ty. This is the concept of free­hold and although does achieve the end objec­tive, is a rather com­pli­ca­ted and expen­sive pro­ce­dure. Howe­ver through the pro­vi­sion of a lea­se­hold for a spe­ci­fied amount of years one can call a pro­per­ty and the land as their own before the lease per­iod expires.

Doctor Property To The Rescue

With the help of a pro­fes­sio­nal real estate expert one can always buy a fur­ni­shed apart­ment or a condo­mi­nium outright even if they are a forei­gner because Thai law has pro­vi­sions per­mit­ting the pur­chase of fini­shed apart­ment spaces to a foreigner’s name. Hence it is always advi­sable to choose a repu­ted and esta­bli­shed real estate agen­cy to pur­sue and ful­fil your dream of living in Koh Samui. At Doc­tor Pro­per­ty you can find the right match for your needs and choose from a wide range of selec­tions without nee­ding to go through all the bother and com­pli­ca­tions of kno­wing the law pro­cess. You enjoy your peace of mind while the Doc­tor attends to your dream pro­per­ty in Koh Samui.

Koh Samui – An Untouched Blend of Investment & Dreams

It is remar­kable how much Thai­land has grown in the past couple of decades as a towe­ring eco­no­my and an inva­luable plat­form for future invest­ments. And why not ? With Thailand’s inherent trea­sure trove of natu­ral won­ders and delights, magi­cal beaches and forest infes­ted moun­tain­side recent­ly pre­sen­ted to the Wes­tern world, it has ope­ned up a new road to end­less pos­si­bi­li­ties. It is no won­der how apart from the capi­tal Bang­kok ; island cities have also made a gene­rous share of the entire mar­ket. Phu­ket and Pat­taya are alrea­dy deve­lo­ped mar­kets for inves­tors in land and pro­per­ty given their sin­gu­lar natu­ral beau­ty and relent­less coast­lines decked in crys­tal blue, as back­drop. Howe­ver the natu­ral back­drop of Ko Samui is still untou­ched and pris­tine. It is delight­ful­ly pea­ce­ful and has a spraw­ling natu­ral land­scape com­pri­sing of beaches sur­roun­ded by forest infes­ted moun­tains. With Koh Samui still in its gro­wing phases and its spec­ta­cu­lar natu­ral back­drop second to none, it makes sense to invest in land and pro­per­ty in Koh Samui if not build your reti­re­ment home here. After all, anyone who has visi­ted Koh Samui once will not beg to dif­fer at all.

Koh Samui Condos Villas and Houses, Why Buy Land ?

Koh Samui is poi­sed to fol­low the lines of Phu­ket and grow as the country’s next boo­ming beach resort des­ti­na­tion. While it is still in the emer­ging stages, it makes sense for those who wish to buy a home in bliss­ful Koh Samui to spend their life in, to start scou­ting as ear­ly as pos­sible. Howe­ver there are rea­sons why it makes sense for someone wishing to have their home in Koh Samui to go for condo­mi­niums and vil­las rather than pur­cha­sing land for owner­ship. The Thai law is a tri­cky one with regards to owner­ship in the coun­try for forei­gn natio­nals. As a result some of fre­quent­ly adop­ted legal bypasses for forei­gners t over­rule that clause include arran­ging mar­riage with a Thai natio­nal, or the even more com­pli­ca­ted pro­cess of star­ting a com­pa­ny in Thai­land with part­ners who are Thai natio­nals and in the pro­cess pur­cha­sing land for owner­ship. Howe­ver not only is the lat­ter far more expen­sive and time consu­ming, but also has a lar­ger num­ber of variables in the lar­ger pic­ture. That apart, forei­gner can also lease homes for a spe­ci­fied per­iod of time during which they can accord them­selves with the title of owner of the land and pro­per­ty. Once the lease per­iod expires it may be sub­ject to rene­wal on agree­ment of terms and condi­tions of invol­ved par­ties or it may be dee­med effec­tive fol­lo­wing fur­ther owner­ship ceases to exist any­more.

Doctor Property’s Prescription For Every Property Requirement in Koh Samui

With the above men­tio­ned pro­ce­dures and sce­na­rios pre­valent for forei­gners wishing to have their homes in pic­tu­resque Koh Samui, it makes sense to have a repu­ted and trus­ted pro­per­ty agen­cy with esta­bli­shed tes­ti­mo­nials and prior expe­rience to assist and advise in pro­cu­ring fini­shed condos and vil­las in Koh Samui. It is not only ful­ly legal but an abso­lu­te­ly simple pro­cess without any addi­tio­nal hassles for forei­gners to own apart­ments or houses in Thai­land and pur­cha­sing a house in Ko Samui is a very heal­thy an insight­ful invest­ment as well. And Doc­tor Pro­per­ty offers you the widest range of pres­crip­tion solu­tions for your exclu­sive real estate requi­re­ment in condos, vil­las and houses in delight­ful Koh Samui.

Have you won­de­red what the total mar­ket value of all of the world’s real estate is ? Is such a num­ber even ascer­tai­nable, and if so can you ima­gine what it is ? This is exact­ly what Savills, an elite English real estate com­pa­ny, set out to accom­plish and found they some inter­es­ting things.

In 2016, they esti­mate that total pro­per­ty value world­wide was $ 217 tril­lion. In the fol­lo­wing year, 2017, this value rose to $ 228 tril­lion. That’s an increase of 5%.

The stu­dy also revea­led a very inter­es­ting trend. Real estate is the most valuable asset in the world by far. Equi­ties, bonds and pre­cious metals are all way behind real estate in total mar­ket cap. For example, the value of all the gold that has ever been mined in the world, ever, is only $ 6.5 tril­lion !

The dia­gram shows the value dis­tri­bu­tion of the world’s assets in 2017. Figures are in tril­lions of US dol­lars.

Dia­gram Doc­tor Pro­per­ty

In this stu­dy, resi­den­tial real estate is valued at $ 168.5 tril­lion. If you count the exis­ting total of 2.05 bil­lion hou­se­holds world­wide, that’s an ave­rage of $ 82,000 per resi­den­tial pro­per­ty. Of course, this value is deci­si­ve­ly influen­ced by the expen­sive indus­tria­li­zed coun­tries like North Ame­ri­ca, Europe and parts of Asia.

Inter­es­ting facts ;

North Ame­ri­cans are just 7% of the world’s popu­la­tion, but they own 22% of the total value of resi­den­tial real estate in the world.

Europe’s inha­bi­tants occu­py 11% of the world’s popu­la­tion. But the home owner­ship is 23% of value world­wide.

Of course, these values from indus­tria­li­zed coun­tries also gene­rate enor­mous poten­tial in deve­lo­ping coun­tries. For example, in Afri­ca, 19% of the world’s popu­la­tion is living, but hou­sing is only 6%.

It is esti­ma­ted that 34% of all resi­den­tial real estate world­wide invest in invest­ments and make the hou­sing mar­ket avai­lable. The rest is valued pri­va­te­ly for pri­vate use. With com­mer­cial real estate it looks alrea­dy dif­ferent. Here, about 33% is self-employed and 67% go to the com­mer­cial sec­tor. In this busi­ness sec­tor, there was also the lar­gest increase in real estate assets. Ove­rall, this was 7 percent com­pa­red to the pre­vious year and is nomi­nal­ly worth $ 32.3 tril­lion.

The real estate mar­ket world­wide expects such an inves­ti­ga­tion of immense impor­tance. Not only that he is from year to year, that he also adds value. Also, with regard to the tem­po­ral inter­est costs, an invest­ment in real estate becomes rela­ti­ve­ly alter­na­tive. The Sty­rian real estate prices and the ever increa­sing total popu­la­tions make a pro­per­ty more and more inter­es­ting for inves­tors.

We at Doc­tor Pro­per­ty are very curious how the num­bers will evolve in the coming years. Of course we keep you up to date. Take ano­ther look at the blog of Doc­tor Pro­per­ty. We look for­ward to you.

The Doc­tor Pro­per­ty Team hopes you enjoy our new blog ! We aim to keep you up to date with all the impor­tant real estate mat­ters in both Samui and Thai­land as a whole. All the impor­tant infor­ma­tion about real estate, vil­las, houses, apart­ments and land will be publi­shed here soon. If you have ques­tions or sug­ges­tions for impro­ve­ment, then please contact us. We are loo­king for­ward to your feed­back.